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August 6, 2014
06:48 EDTVLKAY, AUDVF, FIATYNDRC penalizes Chrysler, Audi for breaching anti-monopoly rule, Reuters says
The National Development and Reform Commission said that it discovered Fiat's (FIATY) Chrysler in Shanghai and Volkswagen's (VLKAY) Audi (AUDVF) in Hubei to be involved in monopolistic tendencies and said it will punish those car manufactures as well as close to 10 Japanese spare-part makers for breaching the country's anti-monopoly rule, reported Reuters. Reference Link
News For AUDVF;VLKAY;FIATY From The Last 14 Days
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August 3, 2015
10:48 EDTVLKAYVolkswagen reports July U.S. sales up 2.4% to 31,300 units
Volkswagen of America reported sales of 31,300 units delivered in July, a 2.4% increase over July 2014.
10:45 EDTVLKAYMobileye inclusion as Volkswagen ADAS partner a positive, analysts say
The shares of Mobileye (MBLY) were climbing earlier in the session, but have given up their early gains, after Volkswagen (VLKAY) on Friday night named the company as a partner for the development of advanced driver assistance systems, or ADAS. A number of analysts wrote that the news is a significant positive development for Mobileye. Volkswagen also named Delphi (DLPH) as an ADAS partner. WHAT'S NEW: Volkswagen on Friday night announced that it would partner with Mobileye and Delphi on ADAS as two of 44 suppliers that will collaborate with Volkswagen under the German automaker's "Future Automotive Supply Tracks," or "FAST," initiative. "These suppliers were chosen for their outstanding performance in their respective field of competence based on a systematic selection process," Volkswagen stated. ANALYST REACTION: Mobileye's ADAS solutions are currently not incorporated into Volkswagen vehicles, although they are utilized in cars made by Audi, which is a Volkswagen subsidiary, Citi analyst Itay Michaeli wrote in a note to investors today. Mobileye's selection as a FAST partner raises the probability that its solutions will be deployed in Volkswagen cars, the analyst stated. Moreover, Mobileye and Delphi were the only two ADAS vendors chosen to be FAST partners, indicating that they are viewed more favorably by Volkswagen than their competitors, Michaeli believes. The news also indicates that Volkwagen is pleased with Mobileye's moncular AEB product which was recently deployed in Audi vehicles, Michaeli believes. He recommended buying the shares of Volkswagen and Delphi. The inclusion of Mobileye and Delphi in the FAST program "could put both companies in pole position to become Volkswagen's core ADAs suppliers," according to Morgan Stanley analyst Ravi Shanker. This development could enable Mobileye in particular to become the dominant vision ADAS supplier for Volkswagen, Shanker wrote. Although the inclusion in FAST may reflect Mobileye's dominance within Audi, Mobileye's status as one of two ADAS vendors on the list signals that it will supply the majority of Volkswagen's ADAS vision systems, the analyst contended. Mobileye's EPS would be boosted by about $1 if it supplies the majority of Volkswagen's vision ADAS systems, the analyst estimated. If this situation does materialize, Mobileye will have obtained major deals with 23 of the world's top automakers, "effectively crowding out the competition," added Shanker, who kept an Overweight rating on the stock. PRICE ACTION: In early trading, Mobileye slipped 0.5% to $59.81. Earlier in the session the stock had traded as high as $62.68 per share.
10:17 EDTVLKAY, AUDVFTomTom exploring options that could lead to sale, Bloomberg reports
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08:38 EDTVLKAYCiti sees VW nomination as 'clear positive' for Mobileye, Delphi
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08:25 EDTVLKAYMobileye, Delphi named Volkswagen supplier partners for ADAS
On Friday, Volkswagen Group (VLKAY) announced it has nominated the first 44 suppliers who will be collaborating with the Group on a new common strategic level under the joint "Future Automotive Supply Tracks," or "FAST," initiative. "These suppliers were chosen for their outstanding performance in their respective field of competence based on a systematic selection process," Volkswagen stated. Mobileye (MBLY) and Delphi (DLPH) were each named as partners for ADAS, or advanced driver assistance systems. Other supplier partners named by the German automaker included NVIDIA (NVDA), Vodafone (VOD), IBM (IBM), Avis Budget (CAR), Corning (GLW), Honeywell (HON), BP (BP) and Exxon Mobil (XOM).
August 2, 2015
19:11 EDTAUDVF, VLKAYGerman auto group to buy Nokia mapping unit for $3.2B, Reuters says
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July 31, 2015
11:22 EDTAUDVFGerman luxury auto group close to $3B deal for Nokia's HERE, Bloomberg says
A group of German luxury car makers including BMW (BAMXY), Mercedes-Benz parent Daimler (DDAIF), and Audi (AUDVF) are close to an agreement to purchase Nokia's (NOK) digital-maps business HERE for roughly $3B, Bloomberg reports, citing people familiar with the matter. An official announcement may come as soon as Monday, the report says. Reference Link
July 29, 2015
06:14 EDTVLKAYGM, Ford sales rise to level of German luxury auto makers, WSJ says
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July 28, 2015
06:55 EDTVLKAYVolkswagen passes Toyota as largest auto maker by sales, Reuters says
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06:41 EDTVLKAYU.S. regulators pledge to continue auto safety crackdown, WSJ reports
Federal regulators have vowed to continue a crackdown on auto makers when discovering "significant" safety lapses, the Wall Street Journal reports. U.S. Transportation Secretary Anthony Foxx said Monday that he was "encouraged" by conversations with car companies about safety problems, the report says. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
July 26, 2015
19:22 EDTVLKAY, AUDVFBaidu CEO 'still interested' in Nokia map unit, Re/code says
In a Re/code interview published Friday afternoon, Baidu (BIDU) CEO Robin Li remarked that the company is "still interested" in Nokia's (NOK) HERE mapping unit. When asked about potential partners, Li commented, "I cannot say too much about it because it’s not a done deal." Note that earlier media reports have suggested Nokia is or was leaning towards selling HERE to a group of German luxury car makers including Daimler (DDAIF), BMW (BAMXY), and Volkswagen's (VLKAY) Audi (AUDVF). Reference Link
July 22, 2015
18:59 EDTVLKAYVolkswagen in talks to sell stake in LeasePlan, Reuters says
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07:18 EDTVLKAYAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
09:40 EDTVLKAYJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
08:07 EDTVLKAYBorgWarner provides R2S turbocharging technology to Volkswagen
BorgWarner (BWA) provides its two-stage, or R2S, turbocharging technology for Volkswagen's (VLKAY) new high-performance diesel engine. Engineered to comply with the Euro 6 emissions standard, the 2.0-liter four-cylinder engine is the most powerful diesel engine in its class.
06:42 EDTAUDVFNokia close to selling HERE to German auto makers, Bloomberg reports
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July 20, 2015
12:16 EDTVLKAYHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).

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